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- cross-posted to:
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Summary
Tesla is struggling to sell its Cybertruck, even after applying discounts of up to $6,000. Inventories are piling up in the U.S. and Canada, with demand falling short of expectations.
The 2025 model qualifies for a $7,500 tax credit, but the 2024 model—still in stock—does not. There are also concerns that the tax credit may soon be eliminated.
Tesla’s goal of producing 250,000 Cybertrucks annually seems unrealistic, and analysts suggest a cheaper single-motor version may be needed to stimulate demand.
The Cybertruck’s hype appears to be fading.
It’s similar to the problem AMC had with the Pacer… revolutionary automotive design and in the first year it did amazing! Then, in the next two to three years, demand dropped like a rock. Seemed as though everyone that wanted a car which looked like really nothing else on the road had already bought one in the first year.
Except that, while it was certainly a radical departure from the norm, it was hardly a revolutionary design, and first year sales were terrible. Once the handful of Elon fans with too much money on their hands got their pre-orders, sales were abysmal.